spacemonkeey

IOTA finishing up symmetric triangle then blast off

BINANCE:IOTABTC   IOTA / Bitcoin
Here we see a perfect symmetric triangle having been formed on the 4h Binance chart (made my day that TV finally added Binance!) IOTA has just finished wave C of a ABCDE elliott triangle wave and we are headed up wave D. Due to the positions (tops/bottoms) of the waves, we should very well expect price action to break above the triangle after finishing wave E.

If the waves continue to be parallel to each other (in other words, wave A and C and wave B and D show the same angles,) we should see a breakout around January 15th. If you are looking to accumulate, this may be the time.

I will update later on where I expect price to go once the breakout occurs.

As always, this should not be taken as investment advice and only be used for comparison against your own charts/analysis.
評論: Breakout time?

snapshot


Stoch RSI seems to be suggesting that
Any update?
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Dang.... no BOOM that I was expecting
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Looks like its about to breakout today. What do you suppose the limit is before it retraces down. Thanks for your time.
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@Chully, I think it just did. =)
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Chully ShawnAkers
@ShawnAkers, arent we still in E?
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Chully ShawnAkers
@ShawnAkers,
Here we go.. hold on!!
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@Chully, Nope we broke resistance in the triangle. We are on wave 1. Woot woot!
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Chully ShawnAkers
@ShawnAkers,
Are we still on the E wave
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